Charles Schwab Investment Management Inc. Buys 9,740 Shares of IDEX Co. (NYSE:IEX)

Charles Schwab Investment Management Inc. lifted its stake in IDEX Co. (NYSE:IEX) by 1.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 640,183 shares of the industrial products company’s stock after purchasing an additional 9,740 shares during the period. Charles Schwab Investment Management Inc.’s holdings in IDEX were worth $133,984,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Catalyst Capital Advisors LLC raised its stake in IDEX by 73.8% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 139 shares of the industrial products company’s stock worth $30,000 after buying an additional 59 shares during the period. Assetmark Inc. acquired a new stake in IDEX during the 3rd quarter worth $39,000. Jones Financial Companies Lllp raised its stake in IDEX by 35.2% during the 4th quarter. Jones Financial Companies Lllp now owns 407 shares of the industrial products company’s stock worth $85,000 after buying an additional 106 shares during the period. Brooklyn Investment Group acquired a new stake in IDEX during the 3rd quarter worth $86,000. Finally, Fred Alger Management LLC acquired a new stake in IDEX during the 3rd quarter worth $89,000. 97.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on IEX shares. Royal Bank of Canada dropped their price objective on IDEX from $256.00 to $245.00 and set an “outperform” rating on the stock in a research note on Thursday, February 6th. Stifel Nicolaus lifted their price target on IDEX from $244.00 to $256.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Citigroup dropped their price target on IDEX from $269.00 to $267.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Finally, DA Davidson dropped their price target on IDEX from $225.00 to $215.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $241.71.

IDEX Price Performance

Shares of NYSE IEX opened at $187.36 on Friday. The stock has a market capitalization of $14.20 billion, a price-to-earnings ratio of 28.17, a PEG ratio of 1.98 and a beta of 0.99. The business has a 50-day moving average of $205.65 and a 200-day moving average of $211.28. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.53 and a quick ratio of 1.85. IDEX Co. has a fifty-two week low of $183.24 and a fifty-two week high of $246.36.

IDEX (NYSE:IEX) last announced its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $2.04 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.01. IDEX had a return on equity of 16.08% and a net margin of 15.45%. As a group, sell-side analysts predict that IDEX Co. will post 8.26 earnings per share for the current fiscal year.

IDEX Company Profile

IDEX Corporation, together with its subsidiaries, provides applied solutions worldwide. The company operates through three segments: Fluid & Metering Technologies (FMT), Health & Science Technologies (HST), and Fire & Safety/Diversified Products (FSDP). The FMT segment designs, produces, and distributes positive displacement pumps, valves, small volume provers, flow meters, injectors, and other fluid-handling pump modules and systems, as well as flow monitoring and other services for the food, chemical, general industrial, water and wastewater, agricultural, and energy industries.